NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today the team of Edward Schmidt, CCIM, and Timothy Merriman Jr. recently negotiated a seven year, 5,664 square foot retail lease for their client, Pinecrest Village Plaza, located at 12455 South Dixie Highway in Miami, Florida. The lessee is LBU Lighting (Light Bulbs Unlimited), who are moving from their current location next door. This move will allow them to display their lighting in an open showroom floor. This lease is valued at over $1.6 million.

The first Light Bulbs Unlimited store in Florida opened in Fort Lauderdale in 1987 and immediately became a bright point on the South Florida landscape. Today the Light Bulbs Unlimited Lighting Showroom Group consists of nine established locations across South Florida, Orlando, Naples and the Treasure Coast.

Pinecrest Village Plaza is a 32,000+/- square foot shopping center location off US 1 (Dixie Highway) between Dadeland and The Falls Mall in the heart of Pinecrest, Florida. There are three spaces available ranging from 1,430-1,801 square feet. Current tenants include T-Mobile, Subway, Sherwin-Williams, Papa Johns, Pincho Factory and OrthoNow.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. To learn more, visit www.naiglobal.com.